Aluminum prices strengthened in January

Aluminum prices strengthened overall in January, but as the Spring Festival approaching, the trend of aluminum prices began to turn around. According to the Commodity Market Analysis System of SunSirs, as of January 23, 2025, the average price of aluminum ingots in the East China market in China was 20,213.33 RMB/ton, an increase of 2.17% from the market average price of 19,783.33 RMB/ton on January 1, and a decrease of 0.62% from the previous day.

Recently, aluminum prices have reversed the decline of the past two months, and have stopped falling and risen, with a slight rebound in aluminum prices. However, the price of its main raw material alumina continued to plummet, with prices continuing to decline in January.

The trend of alumina prices and aluminum prices deviated in January, and the cost support for aluminum prices in the early stage weakened, leading to a recovery in aluminum plant profits.

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